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Brief Exercise 6-8 (Algo) Calculate ending inventory and cost of goods sold using specific identification (LO63) During the year, Wright Company sells 565 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. Calculate ending inventory and cost of goods sold for the year, assuming the company uses specific identification. Actual sales by the company include its entire beginning inventory, 285 units of inventory from the May 5 purchase, and 220 units from the November 3 purchase